Getting Landlord Insurance is important although it doesn't have to cost the earth. Fill in the form below to recieve a callback from Melville Burbage who will be happy to provide quotes from a range of insurance providers:
[contact-form 4 "Insurance lead form"]
When you get a buy-to-let mortgage your mortgage provider may insist on seeing a copy of your Landlord's Insurance certificate. In any case it would be a reckless landlord that rented out an uninsured property - or for that matter held a vacant property without insurance.
Many things can go wrong with property, from burst water pipes to accidental fires and structural isuues such as damp, rot and subsidence. When a property is tenanted you have the added consideration of the actions of the tenant, perhaps defaulting on rent or in the worst case damaging the property. Landlord insurance can help with these things and can even cover such items as legal assistance from removing problem tenants or recovering missing rent.
The cost of you Landlord's insurance will vary depending on the value of the house and the location. Obviously high crime areas will have a higher risk attached and the higher the value of your house the more the insured sum will be.